The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The Düsseldorf-based perfume and cosmetics retailer will shutter 20 percent of its bricks-and-mortar locations in Europe by autumn 2022, Cosmetics Business reported.
The majority of those closures will be in Southern Europe, alongside 60 of the company’s 430 German stores. Around 2,500 employees could see their jobs cut, subject to negotiations with unions, a spokesperson said.
The move is part of Douglas’ plan to invest in its e-commerce business, which it launched in 2018. E-commerce has borne fruit in the wake of Covid-19: last year, the company reported €1 billion in e-commerce sales.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.